United Heat Transfer Limited IPO Details
SME
United Heat Transfer IPO opens for subscription on 22 Oct 2024 and closes on 24 Oct 2024. The IPO will be listed on NSE with the tentative listing date set for 29 Oct 2024.
United Heat Transfer IPO price band has been fixed at ₹56 – ₹59 per share.The face value is ₹10 per share with a lot size of 2000.
United Heat Transfer IPO total issue size comprises 50,84,000 shares (aggregating up to ₹30.00 Cr). This includes a fresh issue of 50,84,000 shares (aggregating up to ₹30.00 Cr). Pre-issue shareholding stands at 1,39,20,000, which will increase to 1,90,04,000 post-issue.
United Heat Transfer IPO carries a ₹17 (28.8%) GMP, reflecting investor sentiment.
United Heat Transfer IPO Lot Size : Retain Minimum is 1 lot (2,000 shares) amounting to ₹118,000. Retain Maximum is 1 lot (2,000 shares) amounting to ₹118,000. SHNI Minimum is 2 lots (4,000 shares) amounting to ₹236,000.
The Lead Managers for United Heat Transfer IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Swastika Investmart Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Swastika Investmart. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the United Heat Transfer Limited RHP.
United Heat Transfer IPO Details
United Heat Transfer IPO Subscription
United Heat Transfer IPO Application Wise Breakup
United Heat Transfer IPO Dates
- 22 Oct 2024Opening dateOPD
- 24 Oct 2024Closing dateCOD
- 25 Oct 2024Allotment Date BOA
- 28 Oct 2024Initiation of RefundsIOR
- 28 Oct 2024Credit of SharesCOS
- 29 Oct 2024Listing dateLID
United Heat Transfer IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 2000 | ₹118,000 |
| Retain Maximum | 1 | 2000 | ₹118,000 |
| SHNI Minimum | 2 | 4000 | ₹236,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
United Heat Transfer IPO Reservation
Promoter Holding
United Heat Transfer IPO Valuations
United Heat Transfer Financial Information
United Heat Transfer Limited's revenue decreased by -9% and profit after tax (PAT) rose by 195% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 7,230.03 | 7,046.67 | 6,481.52 | 6,262.36 | ||||||||||||||||||||||||||||||||||||
| Revenue | 2,120.01 | 6,409.55 | 7,040.15 | 4,796.11 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 242.53 | 623.85 | 211.54 | 152.67 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 2,865.24 | 2,037.71 | 1,413.86 | 1,202.32 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,473.24 | 762.71 | 988.86 | 777.32 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 3,202.13 | 3,692.18 | 3,295.18 | 3,761.47 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
About United Heat Transfer IPO
Incorporated in January 1995, United Heat Transfers Limited manufactures essential equipment such as heat exchangers, pressure vessels, and process flow skids. The company's products are used in petrol and diesel engines, maritime vessels, mining trucks, and heavy machinery, among other applications.
The company operates two manufacturing units in Nashik, equipped with modern infrastructure, including advanced technology and machinery that enhance productivity and efficiency.
As of July 31, 2024, the Company employs approximately 105 employees at various levels on its payroll, and 127 employees on a contractual basis.
Competitive Strength
- A diverse customer base across various continents enhances our global presence, minimizing reliance on any single market.
- Knowledgeable and skilled team to ensure efficient production and delivery of products.
- Meeting Industry Standards to ensure high quality and reliability for its customers
- Strategic distribution channels and location enhance customer convenience and accessibility, boosting the company's reach and sales potential.
Strength Of United Heat Transfer IPO
1. Well Experienced Management Team.
2. Integrated Manufacturing Facilities.
3. Vendor Registrations.
4. Long Standing Relation with Customers.
5. Strategic Location of Unit.
Risk Of United Heat Transfer IPO
1. The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect its revenues and profitability.
2. The Company is dependent on few States. Loss of any of this large States may affect its business operations.
3. Two of its Promoters and Non-Executive Directors i.e. Ms. Durva Yogesh Patil and Mr. Shatanik Vivek Patil has limited experience in the Heat Exchanger Industry in which the Company is operating.
4. The Company is dependent on few Countries. Loss of any of this large Countries may affect its business operations.
5. The Company is dependent on a few suppliers for purchase of product. Loss of any of these large suppliers may affect its business operations.
6. The company has given corporate guarantee in relation to certain debt facilities to its group company which if claimed, may require the company to pay the guaranteed amount.
7. Its business is dependent on the company manufacturing facility. The loss of or shutdown of operations of its manufacturing facility may have a material adverse effect on its business, financial condition and results of operations.
8. The Company has not entered into any agreements/ contracts for the supply of raw material and other utilities. Risks related to shortfall or non-availability of raw material and other utilities may adversely affect its manufacturing processes and have an adverse impact on the company operations and financial condition.
9. The company will continue to be controlled by its Promoters after the completion of the Issue.
10. The Company, Promoters, Directors and Group Companies are involved in certain legal proceedings. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business and results of operations.
Objectives United Heat Transfer IPO
- Repayment of Debt;
- To Meet Incremental Working Capital Requirements;
- General Corporate Purpose.
Company Contact Details
United Heat Transfer Limited
Plot No F-131,
, MIDC Area
Ambad, Nashik-422010
Phone: +91 25323 82484
Email: company.secretary@unitedheat.net
Website: https://unitedheat.net/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
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